Modern Logistics |
Jönköping, Sweden
A large, modern logistics facility situated in a prime location linking Stockholm, Gothenburg, and Malmö - enabling next‑day delivery across the country and into Norway, Denmark, and Finland.
Key Facts
Industrial & Logistics
Core
Sold
Low-Energy
use for this category of building
112,000 sqm
lettable Area
32m
high facility
2020
disposal
About the asset
- A large, modern logistics facility in one of Sweden’s prime logistics hubs, with a central location in the Nordics.
- Single let to leading electronics retailer in the Nordics.
- Triple net lease, long WAULT of 8.5 years at acquisition in 2014.
- In 2016, Savills IM and the tenant negotiated a significant 16,606 sqm extension to build a high bay warehouse – a unique 32-meter-high facility which increased delivery capacity substantially.
- In return for the investment, a new 12 year lease term was signed and rent was agreed at anincreased level compared to before the extension works.
- Sale completed in Dec-2020 and generated a positive return and a 50% uplift on pricing since acquisition.
- ESG features included LED lighting, access to public transportation and bicycle and shower facilities, low energy use for a building of this category and a retention pond for storm water.